Globalstar said it signed a new credit facility, extending the...
Globalstar said it signed a new credit facility, extending the initial repayment date and easing loan covenants. Among other things, it changes the required date for the 24th second-generation satellite to enter service, and makes other changes to comply with…
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the current launch schedule. The first repayment date now could be as late as June 2013, Globalstar said, giving it “added flexibility to complete the four launches” of its satellites. The new agreement is with its original lender, the French export credit agency COFACE.